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Sara Al Mansouri

Meridian Properties

+971 50 123 4567

sara@meridianproperties.ae

BRN 34781

Building market report · Business Bay · August 2026

Mag 318

Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026

Period covered: Sep 24 to Aug 26 · Ref AR-B846-202608

Key takeaways

  • Median price for apartments: AED 885,000 (AED 21,838 per sqm), down 15.9% year on year.
  • Per sqm, apartments here are 3% below the Business Bay average of AED 22,535 (sales-weighted across areas).
  • 2 sales recorded in August 2026, down 80% from a year earlier.
  • Studio apartments were the most traded size: median AED 965,000 across 8 sales in three months, renting at a median AED 60,000 a year.
  • New rental contracts at a median AED 55,500 per year, an estimated 6.3% gross yield.

1.Apartments2 sales · August 2026

Median sale priceAED 885,000-17.7%vs last year
Median price / sqmAED 21,838-15.9%vs last year3% below the Business Bay average
Sales recorded2-80.0%vs last year
Median annual rentAED 55,500-26.0%new contracts
Gross yield6.3%rent ÷ price
Off-plan share of sales0%0 of 2
Off-plan median / sqmn/aunder 5 sales
Ready median / sqmn/aunder 5 sales

Small sample: medians for August 2026 are based on only 2 recorded sales and can swing month to month. Read the trend, not a single point.

Sale price per sqm and monthly sales · 24 months

25K24K22K10Sep 24May 25Jan 26Aug 26
Sep 24 · 25K /sqmAug 26 · 22K /sqm · 2 sales

Median annual rent and new contracts · 24 months

138K111K83K6Sep 24May 25Jan 26Aug 26
Sep 24 · 75K /yrAug 26 · 56K /yr · 4 new contracts

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20262AED 885,000AED 21,838AED 55,5006.3%
July 20268AED 995,000AED 23,492AED 60,0006.0%
June 20260——AED 60,000—
May 20261AED 1,100,000AED 26,525AED 166,00015.1%
April 20260——AED 60,000—
March 20262AED 997,300AED 24,598——

2.By bedroomthree months to August 2026

TypeSalesMedian priceAED / sqmMedian rentContracts
Studio8AED 965,000AED 23,446AED 60,0009

Registered sales and new rental contracts pooled over three months; medians only. Bedroom counts with fewer than five records are not shown.

3.Recent saleslast 15 registered in Mag 318

DateUnitSize sqmPriceAED / sqmStatus
27 Aug 2026Studio40AED 920,000AED 22,874Ready
7 Aug 2026Studio41AED 850,000AED 20,803Ready
27 Jul 20261 bedroom91AED 1,732,516AED 18,984Ready
21 Jul 2026Studio41AED 850,000AED 20,742Ready
20 Jul 2026Studio40AED 990,000AED 24,615Ready
20 Jul 2026Studio40AED 1,000,000AED 24,938Ready
13 Jul 2026Studio41AED 980,000AED 23,984Ready
9 Jul 2026Studio41AED 950,000AED 22,908Ready
2 Jul 2026Studio40AED 1,069,000AED 26,533Ready
1 Jul 20261 bedroom76AED 1,750,000AED 22,999Ready
12 May 2026Studio41AED 1,100,000AED 26,525Ready
16 Mar 2026Studio41AED 894,600AED 21,846Ready
16 Mar 2026Studio40AED 1,100,000AED 27,350Ready
25 Feb 2026Studio41AED 1,050,000AED 25,698Ready
12 Feb 20262 bedrooms90AED 2,000,000AED 22,267Ready

Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.

Comparables for a specific unit

Enter the client's unit and the report gains a section of every registered sale of that size and type in Mag 318 over the last two years. It stays in the link and the PDF.

4.Methodology and source

Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.

Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.

Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.

Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.

Full methodology